Litecoin Price Up By 200% As Analysis Reveal That It Will Hit $650 Before The End of May: Will Litecoin Recover?

When the price of Litecoin hit a yearly low of about $23 last year, it’s creator, Charlie Lee said that Litecoin had bottomed out and resumed a new bullish cycle. Since then, the Litecoin prediction 2019 has changed dramatically with people predicting that Litecoin will hit higher highs before the end of the year. In one of our Litecoin price predictions 2019, we said that the price of Litecoin (LTC) will hit $650 before the end of May and before the Litecoin halving. Even with the positive Litecoin prediction at the time, that kind of price increase appeared impossible. After a thorough Litecoin 2019 Q1 analysis, hitting $650 by the end of May is a little more believable.

Litecoin Prediction 2019 – Litecoin Price Prediction 2019 – Litecoin 2019 Forecast Is Bullish

During the recent Bitcoin bull run pullback, the price of Litecoin (LTC) and Bitcoin Cash (BCH) held the cryptocurrency market together. For the first time in a long time, Litecoin was near $100 in an amazing Litecoin bull rally. This brought the upward movement of LTC to 200% in the first three months of 2019. Increasing by 200% in three months is a big deal but this is just the beginning. All this time, the price of Litecoin (LTC) was rising independently of Bitcoin. What this means is that the price of Litecoin was rising while the price of Bitcoin remained relatively stable. As Bitcoin became bullish, Litecoin and other altcoins followed.

At the time of writing, the price of Bitcoin was on the rise at $5,161.45. This means that it is up by 2.90% against the USD. Bitcoin has sealed the $5000 level and has now set sights on $6000. The trading volume over a 24 hour period is $17,643,212,433 and the market capitalization is $91,007,463,186. A Bitcoin bull run is typically followed by a Litecoin bull run. This season, altcoins are ruling so we should expect to keep seeing Litecoin price spikes. This is why it’s not surprising that Litecoin is currently outperforming Bitcoin. Litecoin is trading at $93.73. This shows that it is up by 7.33% against the USD and up by 4.34% against BTC. The LTC trading volume is $3,996,130,432 while the market capitalization is $5,738,915,615.

Litecoin 2019 – Litecoin Prediction 2019 – Litecoin Price Prediction 2019 – Will Litecoin Recover To $650 Soon?

Litecoin is already heading higher toward the $100 mark. According to the price analysis on Ethereum World News, this is the most crucial resistance. If the price of LTC is able to rise above $100 and convert this resistance to support, reaching new highs will not be a problem. It may find another resistance at $200 but the bullish sentiment in the market should help the price of Litecoin move smoothly to the $650.

Litecoin (LTC) Price Today – LTC / USD

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There are many reasons why the price of LTC is recovering. Apart from the upcoming Litecoin halving, the Litecoin price prediction 2019 is also positive because we have reached altcoin season and Litecoin is one of the leading altcoins. The upcoming Litecoin update that will convert LTC into a privacy coin is also one of the reasons why investors are buying and holding LTC.

What do you think about the Litecoin prediction 2019? Is a $650 Litecoin price prediction 2019 possible? Share your thoughts in the comment section.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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